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cutting medicare and medicaid benefits. president obama is seeking $1.6 trillion in additional revenue over ten years and $340 billion in health care savings. the time says the deal would not affect benefits. that's the keyword, benefits. the president and some democrats in the congress are willing to squeeze savings from medicare by trimming payments to drug companies, hospitals and other health care providers. they are ruling out structural changes that would increase costs for a typical beneficiary. this is what it's all about. the money. who is going to get it? senator dick durbin. a little more specific today. he said progressives, that would be you and me, should be willing to talk about ways to ensure the long-term viability of medicare and medicaid but those conversations should not be part of a plan to avert the fiscal cliff. democrats are prepared to discuss reforms to medicare and medicaid, but not right now. fox news tried to get budget committee chair member congressman chris van hollen to agree to the changes. van hollen stood firm. >> if you prolong the program, people a
reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy in terms of the understanding what republicans seem to be agreeing to do. there is difference between raising tax rates which they have said they will not do. so i don't see any ground being ceded on the raising of tax rates for the wealthy but the changing of loopholes that would indeed, would that produce r
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, let's be honest. they mean getting rid of medicare, getting rid of medicaid. >> structural reforms. >> bill: and privatizing social security. >> it was good to hear yesterday jay carney the white house press secretary, i don't know if you were there. taking social security off the table. it's not a problem. it hasn't contributed to the deficit. that's off the table. they're open to medicare. they've been open to changing provider payments which there is a lot of waste there. encouraging pharmacy companies to give medicare and medicaid better rates. those are all positive reforms. those are big savings. so we can take and find savings from the provider side. it is when you go after the beneficiaries that you run into problems but look, you know, romney ran an entire campaign hitting democrats for cutting $716 billion out of medicare. now they turn -- republicans backed that view we shouldn't touch medicare at all. now they turn around and say you have to cut medicare. it is as if the 716 debate we had for mo
congressman who's unwilling to make any cuts to social security and medicare. if more sign on to his way of thinking, are we sure to go over the fiscal cliff? >>> defense companies are hoarding cash ahead of the fiscal cliff as well. could they be the next companies to reward shareholders with big, special dividends, or are they worried they'll need the cash because a bad storm is approaching courtesy of the fiscal cliff? back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 depos
about this compromise and where we are. mr. speaker, saving social security and medicare is a priority that i believe both political parties share, contrary to much of what has been put out there. it is something to address in this measure. we are going to be able to save social security and medicare. creating jobs -- democrats and republicans talk about that. how is it that we will be able to do that? getting our fiscal house in order is a very important step in our quest to ensure that the people who are hurting and looking for jobs will have an opportunity to get them. sending a positive signal to the global markets that we are the world's economic, military, and deal political leader by increasing the debt ceiling, we are sending a positive signal that we will continue meeting our obligations and responsibility. at the same time, dramatically reducing spending, the problem that has gotten us to this point, is what we're doing for the first time ever. after 75 times increase in the debt ceiling, we are finally getting to the root cause. the problem is our debt. we are going to turn
cuts as i think you're getting at, you know, cuts to programs like medicare. is that something we could see taking shape here? >> you're talking about getting rid of redundancies. great example, 342 economic development programs that are in the federal government system. let's start cleaning up these redundancies. let's do some of these across the board cuts in discretionary spending. let's make certain that medicare and social security, which are trust funds, not entitlements, they're trust funds, that they meet their obligation to our seniors and near seniors. let's look at how they become long-term sustainable, because right now the liabilities that we have on the books for the federal government, this is something we have got to deal with. and, brooke, you know what, the president is doing is saying, look, let's address a tenth of the problem. let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do som
in entitlement programs like social security and medicare. joining me is a liberal senator from rhode island, senator sheldon whis whitehouse of rhode island. you're smiling but i don't know whether it's in delight you're going to be a holdout. a friend of mine, frank sullivan, regularly tells me about the unemployment situation in your state, the need a lot of seniors have to have rely on medicare and medicaid and social security. is that going to be your position. no deal if it involves those programs? >> well, i think the president has already said that social security should be outside of this discussion. it has not contributed to the deficit, and it shouldn't be part of the discussion. i think the press office said that the other day. we completely agree with that. we should set social security aside. it is solvent for decades and by simply kicking in the social security tax above $250,000 you can make it solvent or decades more. so that's less of an issue i think in reality than it is in the long time republican desire to attack it whenever they can. remember, this is a party that trie
but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> reporter: now the bottom line when you listen to comments like that it is pretty clear both sides are digging in pretty tough. not a lot of progress in these talks. and what is interesting republican senator tom coburn said on fox earlier this morning look, either both sides will come together and solve
emboldened. they want to see taxes go up on the rich. they want to protect programs like medicare and medicaid. will they give president obama room to negotiate some kind of deal that gets through this hell coming january 1st. they say they won, the other side lost, they're going to fight. >>> plus democrats are moving to end the so-called silent filibuster which republicans have used to quietly say if you don't have 60 votes, you ain't going nowhere. this is the big question, if they're successful, it's possible, it's possible the democrats will be able to get some things done. we'll talk about that in a minute. they're going to be just like jimmy stewart finally. they're going to force them to actually filibuster like they did in "mr. smith goes to washington." anytime they really want to shut down the senate. >>> and the democrats considered least likely to win back her senate seat beats the odds, and i think thanks to todd akin, and is back for a second term. our friend, the great claire mccaskill, joins us tonight, the senator from missouri. >>> what's the first sound you hea
up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax
're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a bill, is going to be so unpopular because it is going to raise taxes and it is going to cut benefits and getting the votes to pass this is going to be enormously difficult. >> you bring up the benefits issue. let me run through this, because it brings us back to the possibility of no deal whatsoever. again, on the automatic tax increases come january 1. we're talking about a lot of stuff here. the bush era tax cuts expire. as does the president's so-called payroll tax holiday on social security deductions, follow along with me, the so-called marriage penalty returns full force, you also have extended unemployment set to expire here. and the child tax credit drops by half. capital gains go up. bob, today, you know, the white house is warning that this could have a crushing impact on the u.s. economy
on the left on social security or medicare, then you get people getting nervous. the markets get service, the markets sell off, we have a problem. if we go into january and there's the basic broad outlines of a deal that we can retroactively fix some of these tax rates, extend unemployment benefits, if that is the general tenor of things going into december we'll be fine and we'll get a deal in january and go ahead. but if it's more of the same politics as usual, you're going to see spending get cut down. people are going to get nervous and businesses are concerned about the long-term outlook. >> let me bring back eamon on that point. do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or
companies to pay higher rebates to drugs for people who are on medicare and medicaid. he reforms the medicap wraparound insurance plan. right now medicare is essentially indirectly subsidizing those plans. so the president actually has substantial savings, not only in health care, but in many other areas. for example he eliminates a lot of the excessive agriculture subsidies. so the president's plan does have that balance of cuts, and revenue. >> interesting that you bring up health care because eric cantor, something we heard from speaker boehner, he would like obama care to be back on the table. i mean, democrats say, look, this is how we squeezed out -- we squeezed money from medicare. but the republicans are saying no put that back on the table. this is what he said. >> if the president is serious about joining us and fixing the problem, he ought to be putting obama care on the table. there's no question in my mind, that is the largest expansion of government programs -- >> can you say at the moment that that's being talked about? >> all i can say is the president has got to get serious
. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing. nobody cares about us because we want to be so proud of president obama. and let him defund social security. the democrats have no intention of ending the debt ceiling now, because they want to give away more democratic priorities. we hostages. when the republicans have not given anything yet, that is what you get here you get your priorities cut. because you did not say a word. so sit back in your house and yelled obama, obama while he takes all of the food out of your mouth. host: let me echo some sentiments your efforts to facee spending resistance. the two senators, the story often notes that this is what they would like to see from the president. they want him to start negotiations at a one-one ratio. putting them in line with many in the parties that want to see a harder line taken by democrats. some advocating going over the fiscal cliff. democratic caller, mary, what do you think? having delivered the cliff and
medicare. i don't know. let's see if they resurface paul ryan's voucher proposal. let's see if they resurface the bill that paul ryan proposed right after bush was re-elected. bush 43 was re-elected. when he went on a tour around privatizing social security and paul ryan was the first one to author that legislation. so let's see what they mean and i know democrats will never stand for breaking the guarantee. >> bill: that, in fact is what they mean by entitlement reform. senator dick durbin was over at the senator for american progress yesterday and he made it very, very clear that when the word entitlement reform is used or the phrase, there's one thing it should not include. here's senator durbin. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion but be very honest about what we're going to achieve in the near term. i think we should create the equivalent of a simpson bowles commission for social security and give them eight months to a year, a directive
should not be on the table. some democrats say medicare should not be on the table. republicans aren't going to give away taxes, whether it's rates or withholdings unless they get meaningful entitlement reforms. >> i think for the piece of the tax fight that matters here it's a matter of principle. >> greta: it's called grudge. >> no. it's called winning. he campaigned on this around the country. to back away from that -- >> greta: even if he gets it, it's doesn't the problem. that's the irony. >> you need a lot of pieces. this is the one critical piece from the democrats' perspective. >> he did not campaign on solving the long-term problem. if people wanted to do that, they could have elected paul ryan they did. >> he did campaign on it, the tax base and -- >> greta: it's sort part of the job, leadership for all of them, economic stewardship of the country. i mean, it's a little bit part of the job. >> the whole job. that's what we're they're here to do. >> greta: i'm being sarcastic. >> that's what bill woodward said, that clinton got it done. he can't lose this negotiation after w
protected from the sequester, answered other things like social security. and it affects medicare in a different way than the other part of the budget. they cannot cut pay under a sequester. what is the more likely scenario affecting pay would be furloughs, in the event as a question goes into affect. it's likely there would be widespread --certain chances federal agencies, people would be asked to take time off without pay. host: a hiring freeze? guest: that could very well happen. a hiring freeze and a slowdown in promotions would be two things that would happen probably relatively quickly in the event the sequester went into affect. host: tricare, the health-care system for military personnel, that would be impacted. guest: that would be subject to the same 9.4% across-the-board cut as the rest of defense. tricare for life, which affects military retirees, that is exempted. it does not mean immediately everybody's premiums would increase, but it does mean providers and insurers would be subject to that cut. that whatever affects on the benefits they provide to the troops. host:
is basically the entitlement programs, medicare, medicaid, social security, defense spending as well as interest payments. and discretionary part of our budget, which is everything else, cops, justice department, nuclear facilities, education, etc., is a small part of the budget. now, the question is not so much about now, but in the future and the future, medicare spending and medicaid spending in particular and to a degree social security, but much less, will come to consume almost the entire budget. because of the baby boomer retirement wave as well as because of increasing health care costs. and that's why lawmakers and policymakers are working so hard to try to get the fiscal house in order. host: we're talking about the so-called fiscal cliff talks that are happening here in washington. if you want to follow along we're starting a new web page at c-span.org/fiscalcliff. we will have all the related events that we are covering here at c-span as well as a resource page and a twitter feed that follows those reporters who are following the talks and we're learning today and this we
medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a point in time where we can't borrow any more money, and interest rates are going to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: one vote with key players still far from agreement. no word yet on when the next white house meeting might take place. lynn? >> tracie potts for us in washington, thanks. >>> last night on "hardball," republican senator tom coburn told chris matthews about his vision for averting the fiscal cliff. take a listen. >> there's no question we can have the rich pay more, but that won't solve our problem. >> i agree. >> and with that comes negatives. the real problem is is you've got an entitlement system that's out of whack, and the demographics are exaggerating that. and you've had discretionary spending increases, you know, the budget of this country this year is twice what it was 11 years ago. and a good portion of that is discretionary. some of it, $100 billion a year is the war, but the re
a lot. >> everything from medicare to the voting rights act. last word, ron. >> i think it's going to be a very interesting four years, and i think that we're all going to learn about the architecture of in the man. let me just offer one little philosophical note. aristotle defines justice as the word we use for integrity. in the complex life, a person would learn to integrate the competing parts of the human personality, and only then, he says, will you have the capacity to act justly. and the question for obama is how he will express that or if he will in this new term. >> it's not the integrated life that we do it here, but there's a second term in which we do it here, so thank you all very much. [applause] great, wonderful. good. thank you. thank you. thank you. >> thank you. now i know more about what obama is really like, i think -- >> former counterterrorism coordinator henry crumpton also spoke at the washington ideas forum last week. he focused his remarks on the military's emphasis toward drone warfare as well as concerns over cybersecurity and the afghanistan war. this i
progressives who understand that if the medicare, medicaid isn't reigned in somehow that it will eat you the rest of the budget and there won't be any money left for the things that progressives want. i think he's got some bargaining power on the left, as well as on the right and to get 218 votes in the house he needs to get 30-35 republican votes and then the democrats can pay us the rest of it, if it's a deal that much to the democratic's liking that he only needs to shave off you know, three dozen republicans. that would be a deal weighted toward the democrats. will the republicans then totally resist? you know, nobody's ever gone broke underestimating republican obstructionism. >> that's for sure. is a listen to you though, as i listen to you the grand bargain was on the table, the president apparently willing to do it earlier this year, and now it's, you know, now he's won a more convincing election. does he to have give away as much as he was going to give away then when he was at the table with the republicans earlier? >> well, i don't know specifically what was in that give away,
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
to come to the table and perhaps give in on entitlement reform on medicare, medicaid, and some of these other programs that have really been sacrosanct to the democratic party. >> and just very quickly, mark, we're seeing a lot of public rhetoric, but there are talks, negotiations going on between the staffs of all these politicians in washington. is that pretty much how it works? we get the upfront and behind the scenes is where they do the real work? >> we'll show the photo-ops when we see president obama and the congressional leaders get together like we did on november 16th. really the hard work is done by the staff on capitol hill, and from the white house. we saw that happen over the thanksgiving week. it was not as productive as some people had hoped. but, we are getting to the point right now, 35 days until the fiscal cliff, deb, and they have to reach an agreement. there's still plenty of time left for an agreement to be reached. we're not quite there, but we're getting close. >> mark preston for us. thanks so much. >>> 32 minutes past -- 33 minutes past the hour. poli
of legislation. >> medicare alone is 42 trillion unfunded. social security 20.5 trillion. and then you add the 16 that we know about to that. none of these are in black and white those first two that i mentioned. you add it all together, 86.8. >> a lot depends on what happens to medical care. i mean, one thing that could change these estimates tremendously, find a cure for alle alzheimer's. you'll change the estimated how much spending you have to do. if you think over time, many of these forecasts long term forecasts assume no fundamental powerful change. >> find a cure for cancer and everybody livesoff 100. >> but alzheimer's is a very expensive disease. >> but anything that extends life in an expensive way will be -- net i don't think it's cheaper. >> these budget problems are fixable problems that the united states has decided not to fix. this is the decision we're making through our political process. the decision is we're just going to fix it enough to get by another year. we're not going to fix on a grand bargain basis. >> will it pay if we get little bargains over the next ten years? is t
long-term spending programs like medicare, a failure that's among the biggest single drivers of our debt. all this reflects a very clear physical loss if i. for washington democrats, every dollar that's ever been secured for anything is sacred. every dollar that's ever been secured for anything is sacred. and they'll defend it to the death, regardless of what it means for jobs or the economy. but those days are over, because you don't eliminate trillion-dollar deficits by taxing the rich, not even close. it may be an effective talking point, but as a matter of policy, it is a minor deal. and the democrats know t so woos we move into the final stretch, it is time to put the talking points away and get serious about striking a deal. the first step to recovery is to admit you got a problem. and if borrowing 40 cents for every dollar you spend doesn't convince you, frankly, i don't know what will. if democrats can't admit that we've got a spending problem, they immediate t need to talk tr constituents more. they need to get real. and that means changing the way things have been done aro
. ask your doctor about levemir® flexpen. covered by 90% of insurance plans, including medicare. find your co-pay at myflexpen.com. >>> here's a word time. fadodo. it means fall asleep. what you see here is a dance contest from around the time of world war ii when couples tried to stay on their feet for humanly possible. you might call an all-nighter like this a fadodo. maybe a don't fall asleep. we have a version of this in politics. we like to think we do. it was memorialized by frank capra. mr. smith talks for 24 hours in that one. filibusters rarely last as long as that. hew wi long talked for 15 hours once. 22 hours and 26 minutes over an oil bill. a few years later, senator thurman spent 24 hours and 18 minutes up there defending white southerners. you need 60 votes to stop it. you need 60 votes to shut it down. until you got those votes, whoever was in the minority just kept talking. no voting, i'm still talking and you can't stop me. nighty night. we know about the old examples because a filibuster used to happen so rarely because when it did happen the public noticed. now it'
privatizing medicare. we're back after the break. ♪ the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's part of this freedom thing. end slavery, let people buy awesome sunglasses. who's behind those foster grants? abraham stinkin' lincoln. >> i came up with that slogan myself. before the sneeze, help protect with a spray. before the tissue, help defend with a wipe. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house with each spray... those healthy habits start to add up
, the structure and value of the political system, we have huge programs like social security, medicare and medicaid, legacy programs serving all americans. those programs are crushing the discretionary talents which are where we fund national security based research and education. the core functions of government. our budget allows a path to the future. how we structure ritter and that is a fundamentally -- against what steve is talking about. we have to agree that innovation will solve our health care problems and education problems and energy problems. we have to agree we will compete so those innovations i transferred as part of market share. >> i want to jump to bob for a second. when you go around the world before 9/11, 2001, and talk to a nations, of very international crowd and ask what they thought of the united states, admired the united states and they resented the united states because it that time they didn't believe there were any boundaries to what could be done. that looks at the united states as the most innovative place in the world, constantly pull rabbits out of the
no benefits in medicare, -- social security, and medicaid were cut. but, it is now time for congress to get back to the regularly- scheduled programming, and that means jobs. washington has been consumed with averting default, the nation's unemployment problem has been worsening. it is time for jobs to be moved back to the front burner. with the debt reduction package completed, we now have a single- minded focus on jobs for september by removing the threat of default for the next 18 months and by proving both parties can come together to get our deficit under control we have provided certainty to the credit markets. the debt limit agreement largely resolve the budgets for the next two years so the wrangling over spending should be greatly reduced in coming months. we now have a chance to give away from rigid put it away from budget battles to jobs. the jobs issue will not have to play second fiddle to the issue anymore, andhis that is what the american people want. now there will put the political premium on efforts to create jobs as democra. as democrats, that is our high ground. we welco
Search Results 0 to 34 of about 35 (some duplicates have been removed)